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I Hate Checking Fees: Overdraft Protection
The New York Times ran an interesting piece last week, headlined " Banks Apply Pressure to Keep Fees Rolling In ." The jist? Banks are trying to convince customers that overdraft protection (and the eye-popping fees that typically accompany it) is a necessary safety net. The marketing blitz comes as a result of new federal regulations, which state that banks must get consumers to agree, or “opt in,” to a service covering purchases or ATM withdrawals on a debit card when there is not enough money in their account. According to one source in this article, banks generated an estimated $20 billion from overdraft fees on debit purchases and ATM transactions in 2009. That’s some hefty revenue. So, marketers are now probing consumer pain points in
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Guest Post: A consumer advocate shares some good advice on good credit.
This Guest Post is by Steven Burman, President of Credit Advocate Counseling Corp. Whether you’re an established savvy Saver or still a work in progress, the benefits of good credit are far reaching and long lasting. Among other things, a solid credit profile and high credit score makes you less risky to lenders. Why it can even lower your interest rates on credit cards and home loans (and save you
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We can’t make memories, but we can help you save for them.
Remember a while back we shared a cool video about the things in life that matter most? It nicely puts into pictures, words and music how we feel about the important stuff. Like making memories. Spending time with friends and family. You know, doing things that make you happy. We can't help with the making memories part.
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I can’t live without my __________. (Or can I?)
If you can’t live without the weekly trip to the gourmet market, Tippy the Cat’s pet fountain or that premium cable channel (you know, the one with all the “good” shows), then guess what? You’re a typical American. But what exactly would you be willing to live without these days? More and more, Americans from all walks of life
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Share your savings account nickname, Snookums. It’s contest time.
If you were one of those kids tagged with the moniker “Reds,” “Super Squirrel,” or “Mr. Peanut,” then you know just how embarrassing and annoying nicknames can be. (We
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By Alayna A., Savings Advocate A few glorious years ago, back when I was still in college, Thursday Night was Nacho Night: A cheese-and-jalapeño heavy evening that stained our fingers and left us $20+ poorer going into the weekend. It was a ton of fun, but it was also a bit of a financial “last call” for me. Now that my undergrad years are behind me, I’ve started to own up to real life things like student loans, credit card debt, paying bills on time and such. I’ve also moved to the city of Philadelphia, an awesome town but a place where $20 nights out aren’t really on the menu. So, I decided it was time to start eating better without going broke.


